Amlin

AM Best Affirms Credit Ratings of Lloyd’s Syndicate 2001

Retrieved on: 
Friday, July 8, 2022
Professional Services, Insurance, Finance, Insurance, GBP, Central Fund (Ireland), Credit, COVID-19, Industry, AM, Amlin, Overalls, ALL, AM Best, Risk management, Central fund, Syndicate, News

AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a+ (Excellent) of Lloyds Syndicate 2001 (Syndicate 2001) (United Kingdom), which is managed by MS Amlin Underwriting Limited (MS AUL).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of a+ (Excellent) of Lloyds Syndicate 2001 (Syndicate 2001) (United Kingdom), which is managed by MS Amlin Underwriting Limited (MS AUL).
  • The ratings of Syndicate 2001 reflect the balance sheet strength of the Lloyds market, which AM Best assesses as very strong, as well as the markets strong operating performance, favourable business profile and appropriate enterprise risk management.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Performance Assessments, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

AM Best Affirms Credit Ratings of Nectaris Re Ltd.

Retrieved on: 
Monday, May 16, 2022
Insurance, Professional Services, Transfer, Risk, Income, Amlin, Leadenhall Market, Credit, ERM, News, Tail, Contract, Insurance, AM Best, AM, Cell, Industry, AEP, ALL, Treaty of Mutual Cooperation and Security Between the United States and Japan, Security (finance), Risk management, Reinsurance, Nectaris series, Insurance, Professional Services

AM Best has affirmed the Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Rating of a (Excellent) of Nectaris Re Ltd. (Nectaris Re), the operating subsidiary of Nectaris Holdings Ltd. (both domiciled in Bermuda).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A (Excellent) and Long-Term Issuer Credit Rating of a (Excellent) of Nectaris Re Ltd. (Nectaris Re), the operating subsidiary of Nectaris Holdings Ltd. (both domiciled in Bermuda).
  • The ratings reflect Nectaris Res balance sheet strength, which AM Best assesses as strongest, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management (ERM).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Performance Assessments, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .

AM Best Affirms Credit Ratings of MS Amlin AG and Lloyd’s Syndicate 2001

Retrieved on: 
Friday, June 11, 2021
Finance, Consulting, Banking, Professional services, Insurance, Sumitomo Group, MS&AD Insurance Group, Companies, Finance, Amlin, Actuarial science, Financial services, Mitsui, Mitsui Sumitomo Insurance Group, Underwriting, UBS, Reinsurance

AM Best has affirmed the Financial Strength Ratings of A (Excellent) and the Long-Term Issuer Credit Ratings of a+ (Excellent) of MS Amlin AG (Switzerland), and Lloyds Syndicate 2001 (Syndicate 2001) (United Kingdom), which is managed by MS Amlin Underwriting Limited.

Key Points: 
  • AM Best has affirmed the Financial Strength Ratings of A (Excellent) and the Long-Term Issuer Credit Ratings of a+ (Excellent) of MS Amlin AG (Switzerland), and Lloyds Syndicate 2001 (Syndicate 2001) (United Kingdom), which is managed by MS Amlin Underwriting Limited.
  • MS Amlin AG is a mid-tier reinsurer with gross written premium of CHF 1.4 billion (USD 1.6 billion) in 2020.
  • MS Amlin AG and Syndicate 2001 are the key operating subsidiaries of Mitsui Sumitomo Insurance Company, Limited (MSI) in Europe.
  • MS Amlin AG and Syndicate 2001 reported underwriting losses in 2020 with combined ratios, as calculated by AM Best, of 106.7% and 118.8%, respectively.

MS Amlin selects Socotra and Mendix for new digital SME insurance initiative

Retrieved on: 
Wednesday, August 5, 2020
MS&AD Insurance Group, Sumitomo Group, Amlin, Mendix, Small and medium-sized enterprises, SME, Business, Companies

LONDON, Aug. 05, 2020 (GLOBE NEWSWIRE) -- MS Amlin, a leading global (re)insurer, has chosen Socotra and Mendix for its new digital Small and Medium Enterprise (SME) insurance initiative.

Key Points: 
  • LONDON, Aug. 05, 2020 (GLOBE NEWSWIRE) -- MS Amlin, a leading global (re)insurer, has chosen Socotra and Mendix for its new digital Small and Medium Enterprise (SME) insurance initiative.
  • MS Amlin is a subsidiary of the global top 10 insurance group MS&AD with operations in Lloyds, Europe, and Bermuda.
  • The new SME insurance platform by MS Amlin employs a digital-first distribution approach and emphasizes the (re)insurers commitment to small and medium-sized enterprises in Europe.
  • Dan Woods, CEO of Socotra, said, We are delighted to partner with Mendix and help MS Amlin launch its new digital SME insurance initiative.

AM Best Affirms Credit Ratings of MS Amlin AG and Lloyd’s Syndicate 2001

Retrieved on: 
Friday, June 12, 2020
Other Professional Services, Professional services, Insurance, Finance, Sumitomo Group, MS&AD Insurance Group, Companies, Video games, PC games, Amlin, Mitsui Sumitomo Insurance Group, Syndicate, UBS, Mitsui

AM Best has affirmed the Financial Strength Ratings (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings of a+ of MS Amlin AG (Switzerland), and Lloyds Syndicate 2001 (Syndicate 2001) (United Kingdom), which is managed by MS Amlin Underwriting Limited.

Key Points: 
  • AM Best has affirmed the Financial Strength Ratings (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings of a+ of MS Amlin AG (Switzerland), and Lloyds Syndicate 2001 (Syndicate 2001) (United Kingdom), which is managed by MS Amlin Underwriting Limited.
  • MS Amlin AG and Syndicate 2001 are the key operating subsidiaries of Mitsui Sumitomo Insurance Company, Limited in Europe.
  • In 2019, loss experience improved for MS Amlin AG and Syndicate 2001, partially due to lower natural catastrophe losses, as demonstrated by loss ratios of 70% (2018: 83%) for MS Amlin AG and 64% (2018: 69%) for Syndicate 2001, as calculated by AM Best.
  • A project was also initiated with a focus on cost efficiencies and the expense ratio has subsequently improved for both MS Amlin AG and Syndicate 2001.

AM Best Comments on Credit Ratings of Mitsui Sumitomo Insurance Company, Limited and Its US Subsidiaries, MS Amlin AG and Lloyd’s Syndicate 2001

Retrieved on: 
Wednesday, November 20, 2019
Banking, Professional services, Insurance, Finance, Economy, Finance, Money, Amlin, MS&AD Insurance Group, Sumitomo Group, Credit rating agencies, Insurance, AM Best

AM Best does not expect a material deterioration in MSIs consolidated risk-adjusted capitalization, as measured by Bests Capital Adequacy Ratio (BCAR).

Key Points: 
  • AM Best does not expect a material deterioration in MSIs consolidated risk-adjusted capitalization, as measured by Bests Capital Adequacy Ratio (BCAR).
  • AM Best expects the underwriting portfolio and business plans of MS Amlin AG to remain materially the same.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Bests Credit Ratings .
  • AM Best is a global credit rating agency, news publisher and data provider specializing in the insurance industry.

AXA XL adds enhanced protection to environmental insurance coverage in North America

Retrieved on: 
Monday, June 17, 2019
Finance, Economy, Insurance, Actuarial science, Types of insurance, Axa XL, AXA, Reinsurance, Amlin, Underwriting

That's why environmental insurance has become more of a staple in businesses' insurance portfolios.

Key Points: 
  • That's why environmental insurance has become more of a staple in businesses' insurance portfolios.
  • And to make it easier for the growing number of businesses that rely on environmental insurance, we've streamlined our underwriting process and updated our policy to offer even more comprehensive coverage."
  • PARLL coverage is underwritten by AXA XL insurance company, Indian Harbor Insurance Company.
  • AXA XL provides insurance and risk management products and services for mid-sized companies through to large multinationals, and reinsurance solutions to insurance companies globally.

AXIS Re Welcomes Joe Sweeting as Head of Lloyd’s Casualty Reinsurance

Retrieved on: 
Wednesday, June 12, 2019
Professional services, Finance, Insurance, Companies, Insurance, Holding companies, Actuarial science, Reinsurance, Amlin, AXIS Capital, Hiscox

AXIS Re, the reinsurance business segment of AXIS Capital Holdings Limited ("AXIS Capital") (NYSE:AXS), announced today the hiring of Joe Sweeting as Head of Lloyds Casualty Reinsurance.

Key Points: 
  • AXIS Re, the reinsurance business segment of AXIS Capital Holdings Limited ("AXIS Capital") (NYSE:AXS), announced today the hiring of Joe Sweeting as Head of Lloyds Casualty Reinsurance.
  • Joe is an exceptional reinsurance underwriting leader and someone who possesses a keen understanding of the intricacies and trends that shape the Lloyds casualty reinsurance market, said Ann Haugh, President Global Markets at AXIS Re.
  • Mr. Sweeting joins AXIS fromVibe Syndicate 5678, where he spent more than three years as a Casualty Treaty Class Underwriter.
  • Prior to that, he was Head of Casualty Reinsurance forHiscox Syndicate33 and a Casualty Underwriter for Amlin Syndicate 2001.Mr.

AM Best Affirms Credit Ratings of MS Amlin AG and Lloyd’s Syndicate 2001

Retrieved on: 
Friday, May 17, 2019
Professional services, Insurance, MS&AD Insurance Group, Sumitomo Group, Actuarial science, Finance, Insurance, Economy, Amlin, Types of insurance

AM Best has affirmed the Financial Strength Ratings of A (Excellent) and the Long-Term Issuer Credit Ratings of a+ of MS Amlin AG (Switzerland), and Lloyds Syndicate 2001 (Syndicate 2001) (United Kingdom), which is managed by MS Amlin Underwriting Limited.

Key Points: 
  • AM Best has affirmed the Financial Strength Ratings of A (Excellent) and the Long-Term Issuer Credit Ratings of a+ of MS Amlin AG (Switzerland), and Lloyds Syndicate 2001 (Syndicate 2001) (United Kingdom), which is managed by MS Amlin Underwriting Limited.
  • MS Amlin AG is a mid-tier reinsurer with gross written premiums of USD 1.3 billion in 2018.
  • MS Amlin AG and Syndicate 2001, which account for the majority of MS Amlin groups business, write a diversified book of property/casualty, marine/aviation and reinsurance business.
  • In 2018, both MS Amlin AG and Syndicate 2001 were unprofitable, largely due to losses from catastrophe events.

SRL Continuity Opinion Changes: Lloyd’s Syndicates (AmTrust, Markel, Travelers, Catlin, MS Amlin)

Retrieved on: 
Tuesday, January 15, 2019
Professional services, Banking, Insurance, Software, Amlin, MS&AD Insurance Group, Sumitomo Group, Lloyd's of London, Syndicate, Computing, Digital media

Continuity Opinion Actions August - December 2018:

Key Points: 
  • Continuity Opinion Actions August - December 2018:
    September 14 2018 B-^ (Below Average) Continuity Opinion assigned to Lloyd's syndicate 1861 (AmTrust Syndicates Limited).
  • Under SRLs Continuity Opinion methodology the scorecard assessment for the combined syndicates operation is in the B- (s) range.
  • September 14 2018 B+^ (Above Average) Continuity Opinion of Lloyd's syndicate 5000 (Travelers Syndicate Management Limited) affirmed.
  • November 26 2018 B+^ (Above Average) Continuity Opinion of Lloyd's syndicate 2001 (MS Amlin Underwriting Limited) confirmed following a review for possible downgrade.